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Is it for me ?
Hello everyone Im looking for some help deciding whethere the IVA route will work for me. First and fore most, I am very ashamed of what ive done and the mess I am in. Debt is a nasty thing, but I didnt think like that when getting top ups on my loan and punching those four numbers into the pin pad in the shops. :( I have…
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Awaiting IVA decision...
Hi, Firstly thank you to all that have replied to my previous posts. We have finally taken the plunge and rang Payplan up to begin the process of an IVA. They rang back yesterday and informed us that they think we have a good chance of getting an IVA pending the creditors decision. Given this positive reponse what do you…
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New bank account
Today i opened a lloyds tsb basic account. Can anyone tell me if they are affiliated with HSBC, HALIFAX or BARCLYCARD I have just had a horrible thought that they might be These are the people that I find I now cannot pay. I have withdrew any available money from credit cards(not much)And am now cancelling any direct…
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PLEASE PLEASE can anyone give me some advice?????
Hi All First of all thanks to everyone for their advice regarding my previous posts.:beer: Since last posting i may have a very kind offer of a lump sum coming my way...... i need to know the following....... Would my creditors be likely to agree to a Full and Final/One of IVA in the following situation or am i just…
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IVA Mortgage Help!!!
Can anyone help?? I completed a lump sum IVA in April 2009. The whole process start to finish only took a matter of months but will remain on my credit report for 6 years. Before the IVA my credit was good. I have a mortgage for £239,000 on a property I rent out. The rental income is £60 short of the current monthly…
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Help with IVA please
I am currently going through my 5 year IVA process and have about 14 months of repayments left to make! However a situation has arose where I have been offered shares in a family business, basically my father is retiring and wants to give me his shares in the company! Can the company I have my IVA with claim any of the…
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Quick questions
I apologise that are lots of its and buts in this but here goes. I have a 90k mortgage on property which in todays market for a quick sale would probally go for 120-125k I owe 5k to one lender, and 30k to another. Both debts, (unsecured), are being managed by the same debt recovery company. I am currently unemployed but…
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IVA - Advice needed on F&F offer
Hi all, I hope someone can help with some clarification on my IVA!! I have approached my IVA company IDS to offer a F&F settlement to my IVA. I am coming in to my 5th year in November and pay £344 per month, due to my personal circumstances I have been given the chance to go to Australia and stay with family and my mum has…
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Iva after death - what happens to the debts
Hi I was wondering if anyone cold give me some advice. My Father sadly died this year (April), He had an IVA (Joint with my mother). Because of his death the IVA has now failed. What happens to the unpaid debt? Unfortunaltey for my mother, my father dealt with all the finances so she hasn't got a clue. The IVA was…
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I need to accept it's time to act..
After months, maybe years of robbing Peter to pay Paul after my divorce I now accept that an IVA is the most realistic and achievble way to pay back my debt. I've done the CCCS Debt Remedy thing and that points to an IVA also. Before I take the next step of ringing round recommended companies, there are just a couple of…
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is this letter an empty threat
hi, just got this letter at the weekend from sgma/creation who i have written to, to tell them my situation and offered them token payments, this is until i get my IVA set up. the letter said that they would be sending one of their representitves to call at my house since i have not been in contact with them and if this…
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Can IVA be converted to a DMP
Hi folks, I currently have an IVA which I am struggling to make the monthly payments. My girlfriend lost her job last year and we got behind on council tax and utility bills. I admit, I stuck my head in the sand and hoped she would find work immediately. Long story short, she was not able to find work, I am now faced with…
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Joint overdraft query, IVA and DMP
Hi Guys Hubbys IVA was approved last week and I am waiting for the DM company to call me regarding setting up a DMP for me. Now I know that we are jointly responsible for the joint account overdraft but I am a tad confused. This was included in his IVA and the overdraft bank agreed to the IVA in the creditors meeting. He…
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More help needed ref IVA - Please!!!!
Hi All First of all thanks to everyone for their advice regarding my previous posts.:beer: Since last posting i may have a very kind offer of a lump sum coming my way...... i need to know the following....... Would my creditors be likely to agree to a Full and Final/One of IVA in the following situation or am i just…
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Equity Release
Hubbys IVA was approved today. Have a quick question about the equity release. I understand in the 4th year that if there is equity in the property that equates to more than £5000 then my husband share of this goes to the IVA by remortgaging the amount. So if the house is worth an extra 40k then does he have to remortgage…
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statement of affairs download link pls
hi all,looking for a statement of affairs to get the ball rolling for an iva submission,would appreciate any help,have looked everywhere but all i can find is a statement for going bankrupt,is it the same ? many thanks.
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File Clean Up After a DRO
I have read the letter I need to send out and am wondering which bits are relevent to a DRO? I have a printed off my entry on the IS wedsite saying my DRO has ended is this all I need? Also what dates should they be using to show my account is satified. The date the DRO ended or before? Thanks
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Bank account after IVA
Hi All Entered an IVA a little over three years ago, but was able to to settle it early after my parents came into some money and very generously offered to put it towards our IVA, so we were clear of the IVA a couple of months ago. I was about to apply for a normal current account after having used a basic one for so…
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IVA help with remortgaging
Hi I wonder if anybody can give me any advice. My husband and I are currently in an IVA which will have been running for 3 years in February. Original debt was for £58000 but then have reclaimed PPI amounting to approx £9000 on debts included in IVA. MORTGAGE OUTSTANDING £95000 SECURED LOANS OUTSTANDING £50000 paid approx…
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Help with early settlement offer
Hello I am currently on month 20 of my 5 year arrangement and my payment is £314 per month. My circumstances are shortly going to change and instead of living with my parents, I will soon have to make arrangements to live by myself. As things stand, I will not be able to afford the increase in rent and bills, so my IVA…
